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This week, in our last newsletter of the year, we are recapping 2023. From an economic perspective, we’ll explore how the labor market turned out to be much stronger than many expected. We dodged a recession, and the economy is on track for a soft landing. Then, we’ll look at how thousands of LaborIQ users […]
Written by Mallory Vachon, PhD on December 22, 2023
Irrational pay may be gone, but wage growth is here to stay Pay bumps for new hires have come down. But wage growth is likely to remain elevated, continuing to impact pay equity and turnover. Big picture: Great Resignation to the present To set the stage for what to expect in 2024, let’s go back […]
Written by Mallory Vachon, PhD on November 17, 2023
Are current market-competitive salaries not aligned with your expectations of what you should pay employees? Or does one of the below situations sound familiar to you ❔ Wild swings in the job market made it impossible to keep pay competitive against competitors. You interviewed many candidates who were a great fit, but you were not […]
Written by LaborIQ Staff Writer on November 1, 2023
News Release Dallas, TX (September 14, 2023) – LaborIQ, a breakout tech company providing market compensation software, and Paycor, a leading provider of human capital management (HCM) software, are pleased to announce the companies have formed a referral partnership to help HR leaders recruit, manage, pay and develop their people with market-competitive salary answers for […]
Written by LaborIQ Marketing on September 14, 2023
Compensation benchmarking data is an essential tool for planning and developing fair and competitive pay practices that inform talent strategy, hiring plans, budgets and facilitate continuous improvement in pay practices. For those of you leveraging compensation data, but still losing employees and job candidates because of pay, it might have to do with your […]
Written by LaborIQ Staff Writer on August 18, 2023
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Written by LaborIQ on August 11, 2023
If you are a hiring manager searching for employees, you’re already aware of the challenges to secure top talent. It’s a candidate’s market in many ways, especially for those occupations with already-low unemployment. It can be frustrating to invest time and effort to source and interview an excellent job candidate, only to have the candidate […]
Written by Rosie Greaves, LaborIQ Staff Writer on June 20, 2023
This Baby Boomer grew up at a time when men worked in an office for at least eight hours a day; sometimes seven days a week. Later, women joined the in-office workforce while bearing the bulk of the housework and child-rearing responsibilities. Working remotely was not on any company’s planning board. Then the Pandemic hit […]
Written by Ron Johnsey on June 19, 2023
MILWAUKEE, April 17, 2023 /PRNewswire/ — Circa is pleased to announce the launch of LaborIQ, a compensation software solution providing human resource (HR) teams with salary answers for all occupations in the U.S. The new partnership with Dallas-based, LaborIQ®, will support HR teams with accurate and predictive salary data to develop proactive compensation strategies without the burden of […]
Written by LaborIQ Marketing on April 18, 2023
The economy added a respectable 236,000 jobs in March, right in line with economists’ expectations. This month’s total is notably lower than January’s 472,000 jobs added and February’s 326,000, signaling the labor market cooled somewhat. For those hoping the Federal Reserve continues to slow – or even stall – the pace of interest rate […]
Written by Mallory Vachon, PhD on April 7, 2023
